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Strategies & Market Trends : The Thread II

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To: Kaliico who wrote (3228)	6/29/2001 9:30:47 AM
From: SirRealist	Read Replies (1) of 9026

09:16 ET Gapping Up : PFSW +44% (extends pact with IBM)... CMRC +18.5% (SAP raises stake in company)... DSLN +18% (sees reduced funding requirements)... AVAN +15% (highlighted in Business Week)... TERN +15% (raises guidance)... IMCL +8.5% (on the cover of Business Week)... PWAV +8.5% (inks Motorola supply pact). 08:37 ET CIBC on Storage : CIBC World Markets initiates coverage on three storage stocks with BUY ratings: Brocade (BRCD 40.92) with $50 target, Network Appliance (NTAP 12.64) with $17 target, and QLogic (QLGC 57.70) with $67 target. Says that valuations in the group do not reflect long-term growth opportunities of the enterprise storage mkt.

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